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Governor Brown Goes To Business Leaders

Governor Jerry Brown asked Los Angeles business leaders to stand with him on two major priorities for 2012: passing his balanced budget plan and persuading the legislature to enact his 12-point pension reform proposal.

Brown was Tuesday’s KVML “Newsmaker of the Day”.

He delivered the call to action during a speech at the Los Angeles Chamber of Commerce 2012 Inaugural Dinner in Los Angeles.

“The numbers just don’t add up,” said Governor Brown of the public pension system. “Benefits, contributions and the age of retirement don’t reflect today’s realities, putting taxpayers on the hook for huge costs in the future. The cracks are showing and this dam will burst unless the legislature gets serious and takes urgent and decisive action.”

Governor Brown’s pension reform plan, introduced in October 2011, will apply to all California state, local, school and other public employers, new public employees and current employees as legally permissible. The plan’s 12 points are: